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iron ore glut

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Iron ore price meltdown

At the end of the latest offshore session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $62.80 a tonne, down 0.8 per cent from its previous close of $63.30 a tonne. The

Iron ore: rust in peace

“The party’s over for iron ore” declared an ANZ research team returning from a trip to China after discovering demand conditions that were more challenging than thought, while analysts at RBC Capital Markets slashed their price forecasts for this and

Iron ore sinks below $80 on China slowdow

Following a short-lived rally last week that took the commodity to $85 per tonne, the benchmark iron ore price for immediate delivery at the port of Tiajin in China dropped 2.3 per cent to $79.80 per tonne overnight on Monday,

Iron ore mines starting to close

While the iron ore sector is already facing the brunt of the commodity price slide, which hit a new five-year low of $US83.60 a tonne over the weekend, observers are warning the effects are likely to be felt across the

Iron ore global glut deepens

Iron ore with 62 percent content at the Chinese port of Qingdao dropped 0.7 percent to $87.70 a dry ton today, the lowest since October 2009, according to data compiled by Metal Bulletin Ltd. The raw material fell for a